mdavolio
Employee
Employee

Hi,

Edward Jones would deduct those expenses if they pay for them.

Independent contractors (in contrast to W-2 employees) who report income on Schedule C are able to deduct associated expenses that they pay on that form.

If you receive reimbursements in excess of your expenses from your employer’s nonaccountable plan, the excess reimbursements should be included in your wages (in box 1 of Form W-2) and reported on line 1 of your Form 1040.

Thank you,

Mike D'Avolio

Intuit

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